Company Registration No. 13231434 (England and Wales)
3CIX LTD
Unaudited accounts
for the year ended 31 December 2023
3CIX LTD
Unaudited accounts
Contents
3CIX LTD
Company Information
for the year ended 31 December 2023
Directors
Muhammad Nasir
Jahangir Ahmed
Company Number
13231434 (England and Wales)
Registered Office
Hanslip
Harben House
Milton Keynes, England
MK16 9EY
United Kingdom
Accountants
AY Accountants LLP
2nd floor, 6 Oxford street
Bolton
Greater Manchester
BL1 1RF
3CIX LTD
Statement of financial position
as at 31 December 2023
Intangible assets
7,865
11,180
Tangible assets
145,457
39,011
Cash at bank and in hand
74,732
78,968
Creditors: amounts falling due within one year
(190,388)
(210,535)
Net current assets
126,553
84,438
Total assets less current liabilities
279,875
134,629
Creditors: amounts falling due after more than one year
(135,944)
(90,000)
Called up share capital
10
10
Profit and loss account
143,921
44,619
Shareholders' funds
143,931
44,629
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 February 2024 and were signed on its behalf by
Muhammad Nasir
Director
Company Registration No. 13231434
3CIX LTD
Notes to the Accounts
for the year ended 31 December 2023
3CIX LTD is a private company, limited by shares, registered in England and Wales, registration number 13231434. The registered office is Hanslip, Harben House, Milton Keynes, England, MK16 9EY, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
The directors have reasonable expectations that the company has adequate resources to continue in operational existence for a foreseeable future.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: 5 years
Motor vehicles
25% Reducing Balance Method
Fixtures & fittings
25% Reducing Balance Method
Computer equipment
25% Reducing Balance Method
4
Intangible fixed assets
Other
At 31 December 2023
16,573
At 31 December 2022
11,180
3CIX LTD
Notes to the Accounts
for the year ended 31 December 2023
5
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2023
8,500
42,760
755
52,015
Additions
124,110
26,513
4,308
154,931
At 31 December 2023
132,610
69,273
5,063
206,946
At 1 January 2023
2,125
10,690
189
13,004
Charge for the year
32,621
14,646
1,218
48,485
At 31 December 2023
34,746
25,336
1,407
61,489
At 31 December 2023
97,864
43,937
3,656
145,457
At 31 December 2022
6,375
32,070
566
39,011
Amounts falling due within one year
Trade debtors
153,953
212,709
Other debtors
88,256
3,296
7
Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
54,606
-
Trade creditors
34,563
61,889
Taxes and social security
22,482
13,118
Proposed dividends
38,000
45,000
Other creditors
17,613
5,829
Loans from directors
7,419
7,419
8
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
45,944
-
Loans from directors
90,000
90,000
3CIX LTD
Notes to the Accounts
for the year ended 31 December 2023
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Interest free loan from director
(50,000)
-
-
(50,000)
Interest free loan from director
(40,000)
-
-
(40,000)
At 28 February 2022, the company owed £90,000 to directors. No interest has been charged to the company in respect of loans from directors which is payable on demand. The loan is classified in creditors due more than one year.
10
Transactions with related parties
At the balance sheet date, directors have advanced an unsecured loan of £90,000 (February 2022: £90,000) to company. The loan is interest free and has no fixed date for repayment.
During the year, the directors have received dividends of £83,276 (December 2022-£45,000).
The directors control the company by virtue of their 100% ownership of the company's share capital.
12
Average number of employees
During the year the average number of employees was 30 (2022: 25).